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SECURITY SYSTEMS NEWS JUNE 2018 www.securitysystemsnews.com
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By Paul Ragusa
AUSTIN, Texas.—Silicon Labs
announced in May the complet-
ed acquisition of Sigma Designs'
Z-Wave business for $240 million
in an all-cash transaction.
"With Z-Wave now being a
part of Silicon Labs we have real-
ly created an IoT powerhouse,"
Raoul Wijgergangs, VP/GM of the
Z-Wave Business in Silicon Labs,
told Security Systems News. "Every
short-range IoT technology is now
combined into one company, so I
believe that any company that is
looking to do something with low-
power and short range IoT solutions
is going to be knocking on the door
of Silicon Labs."
He noted that the entire Z-Wave
business unit, including a team of
approximately 110 employees, is
joining Silicon Labs. "The two com-
pany cultures are so closely aligned
that this really is a great fit for both
parties involved. There is a lot of
excitement for both companies."
Wijgergangs said that by combin-
ing Z-Wave's mesh technology and
product interoperability focus with
Silicon Labs' multiprotocol exper-
tise gives smart home developers
access to a large, varied network
of ecosystems and to a full range
of end-node technology options
that open the door to millions of
potential smart home users. He
also noted that the strategic acqui-
sition complements Silicon Labs'
comprehensive wireless hardware
and software portfolio for the smart
home, which today includes Wi-Fi,
Zigbee, Thread, Bluetooth and
proprietary protocols.
"Adding Z-Wave to Silicon Labs'
extensive IoT connectivity portfo-
lio allows us to deliver a unified
vision for the wireless technologies
underpinning the smart home mar-
ket," Tyson Tuttle, CEO of Silicon
Labs, said in the announcement.
"A secure, interoperable customer
experience is at the heart of how
smart home products are designed,
deployed and managed. Our smart
home vision is one where mul-
tiple technologies work securely
together, where any device using
any of our connectivity options
easily joins the home network, and
where security updates and feature
upgrades occur automatically."
Z-Wave has more than 2,400
certified, interoperable Z-Wave
devices that are available from the
thriving Z-Wave Alliance of more
than 700 manufacturers and service
providers worldwide, according to
Wijgergangs.
"Together, Silicon Labs and the
Z-Wave Alliance and its ecosys-
tems will continue to advance
the Z-Wave technology roadmap,
delivering innovations that engage
millions of smart home product
users," Wijgergangs said in the
announcement. "Z-Wave is a prov-
en, broadly deployed technology
that just reached the milestone of
100 million devices in the market.
The acquisition will drive collabora-
tion and expand access to a diverse
ecosystem network of partners
including Amazon, Alarm.com,
ADT, Samsung SmartThings, Yale,
Vivint, Google Home and Comcast."
He told SSN that the companies
are beginning to build a strategy for
the future, one based on a shared
vision of IoT for the smart home
where devices work seamlessly
together, are super secure and very
easy to use.
Silicon Labs is a leading provider
of silicon, software and solutions for
a smarter, more connected world.
Silicon Labs expects the acquisition
to be accretive to 2018 non-GAAP
earnings.
SSN
Silicon Labs purchases Z-Wave
during the second quarter of
2018, ASSA ABLOY noted in
its announcement.
Concept Frames has a focus
on custom-made steel doors
and frames for commercial
and industrial applications.
"I am very pleased to wel-
come Concept Frames into the
ASSA ABLOY Group," Boselli
said in a separate announce-
ment. "Concept Frames is a
complementary addition to
ASSA ABLOY and adds to
our leadership in the door
and frame category in North
America."
Concept Frames has exper-
tise in customer service, proj-
ect specifications and quick
delivery, primarily covering
the southeast region of the
U.S., ASSA ABLOY noted in
its announcement. The com-
pany, which was founded in
1982, has approximately 68
employees; its head office and
factory are located in Newton,
N.C.
SSN
By SSN Staff
NEW HAVEN, Conn.—ASSA
ABLOY recently announced
agreements to purchase two
U.S.-based door and frame
m a n u f a c t u r e r s : P i o n e e r
Industries, based in Carlstadt,
N.J., and Concept Frames Inc.,
based in Newton, N.C.
"The addition of Pioneer
allows us to fortify our steel
door and frame offering in
the US and in particular the
Atlantic region," Lucas Boselli,
executive vice president of
ASSA ABLOY and head of the
Americas division, said in a
prepared statement.
Pioneer will continue to be
led by its current management
team. Pioneer was founded in
1930 and currently has about
100 employees. The head
office and factory are located
in Carlstadt, N.J.
The Pioneer acquisition is
conditional upon satisfaction
of customary closing condi-
tions and is expected to close
ASSA ABLOY set to acquire
two companies in the US